Deep Algorithm raises $1.3m for AI fraud defence

By Vriti Gothi

Deep Algorithm Solutions, a cybersecurity and artificial intelligence innovator, has raised $ 1.3 million in a seed funding round led by Unicorn India Ventures to strengthen digital financial ecosystems against increasingly sophisticated fraud and cyber threats.

Founded in December 2021 by JP Mishra, Deep Algorithm Solutions has emerged as a pioneer in deploying advanced behavioural biometrics and AI-driven threat intelligence to secure digital identity and prevent fraud at scale. The company’s flagship platforms, adapIDAI, an adaptive behavioural intelligence identity security engine, and BotShield, designed to neutralise zero-day attacks, mitigate DDoS threats and secure applications in real-time, are already live with a major private sector bank, a government organisation, and other enterprise clients.

Backed by a Government of India patent awarded in March 2024, Deep Algorithm Solutions is uniquely positioned to address the pressing challenges of fraud prevention for the banking and financial services industry. In the last year alone, the company has completed critical proof-of-concept deployments, strengthened its core product suite, and filed an international PCT patent, underlining its commitment to indigenous innovation and global competitiveness.

The fresh capital will accelerate Deep Algorithm’s next phase of growth, with a sharp focus on expanding its engineering and threat intelligence teams, enhancing its behavioural AI and fraud analytics engines, and broadening integrations with leading enterprise platforms such as Azure AD and Okta. Additionally, the company will advance its go-to-market initiatives across India and Southeast Asia, while establishing a stronger sales presence in key BFSI hubs, including Mumbai and Bengaluru. Strategic channel partnerships with system integrators and global cloud marketplaces are also underway to scale distribution.

JP Mishra, Founder and CEO of Deep Algorithm Solutions, said, “At Deep Algorithm, we are addressing some of the most complex and evolving challenges in digital identity security and fraud prevention through our indigenous AI solutions. This funding validates our belief that continuous authentication and adaptive behavioural intelligence are central to the future of digital trust. Our vision is to empower financial institutions and digital businesses to stay ahead of emerging threats while delivering seamless and secure experiences to their customers.”

Reinforcing this vision, Anil Joshi, Managing Partner at Unicorn India Ventures, said, “In an era where cyber threats are growing in both frequency and sophistication, the need for robust, AI-powered cybersecurity solutions has never been more critical, particularly for the BFSI sector, which handles highly sensitive data. Deep Algorithm’s innovative approach and experienced leadership team position the company strongly to become a trusted partner for financial institutions worldwide. We are confident this investment will fuel their growth trajectory and enable global expansion.”

Looking ahead, Deep Algorithm plans to launch a commercial SaaS offering tailored for mid-market enterprises, expand into at least two new international markets including Kenya, South Africa and the UAE, and introduce an advanced fraud and risk analytics dashboard. The company also aims to intensify its R&D focus on agentic AI, driving the next wave of breakthroughs in automated fraud resolution.

As digital financial ecosystems continue to evolve, Deep Algorithm remains committed to delivering customer-centric, AI-driven cybersecurity solutions that enable businesses to grow with confidence redefining what it means to stay secure in an increasingly digital world.